tsig
a carbon based life-form
- Joined
- Nov 25, 2005
- Messages
- 39,049
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I seem to have inadvertantly started a... argument may be too strong a word. Anyhoo, I'll see if I can explain my problem, aside from the fact that trying to think like a FotL makes me feel like a robot in a Star Trek episode being shut down with a logic puzzle.
Ok, if I buy a house with my own money, it's mine. I give the money to the previous owner, end of story. If I take out a mortgage, the bank loans me the money secured against the house and the money is paid to the previous owner. The problem I'm having (and I'm not gonna be surprised if the answer to this is "exactly") is how would I as a Freeloaderman on the Land own the house? The two arguments I can think of are:
1) The money doesn't really exist because it's just electronic transfers, or some similar rubbish
or
2) The money does exist, but the bank has no ability to enforce the contract saying I have to pay it back.
The first one is just silly, as if the money doesn't exist, no one has paid for the house so it still belongs to the original owner. I get the feeling that the second one is what FotL'ers are pushing, but I can't follow the logic. If the contract with the bank isn't binding, why is the contract with the guy who sold the house?
I'm overthinking this, aren't I?
Try reading this:
"Since dd/mm/yyyy it has come to the attention of us, via the Bank of England website and reading of the Gold Standard Act 1925, that the pound is no longer linked to a standard or anything else of value. By this we mean that if a man or woman carrying a promissory note (bank note) issued by the Bank of England with the wording written across it that states “I promise to pay the bearer on demand the sum of…” attempts to exchange this with the issuer for something of value, they cannot, and will only be provided with a similar promissory note. Therefore money has no true value."
ETA: I see you have seen this. Money has no value so even though it's good enough to get you the house in the first place it's not good enough to be used to pay your debt.
Hey we're free man, on the land.
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